Chartis Expands CrisisResponse®XS to Excess EPL Insureds

NEW YORK--(BUSINESS WIRE)-- Chartis today introduced the extension of CrisisResponse^® XS coverage to its catastrophic excess employment practices liability (EPL) clients. Developed by Chartis’ Cat Excess Liability Division, CrisisResponseXS allows companies to act swiftly to mitigate losses and prevent reputational damage in the event of a crisis management event, as defined in the policy. CrisisResponseXS coverage is provided to catastrophic excess EPL clients for no additional premium.

CrisisResponseXS provides up to $25,000 in additional limits outside of the catastrophic excess EPL policy limits, whether or not similar CrisisResponse coverage exists in the underlying insurance. This coverage is accessible on a “first dollar basis” or as a supplement to similar CrisisResponse coverage provided in the insurance tower. It can pay crisis management costs – including fees and expenses incurred by a crisis management firm – for printing, advertising or mailing materials to manage reputational risk. Insureds also receive access to a 24-hour, toll-free crisis hotline.

“Organizations need to be prepared for a crisis and stand ready to react when needed,” said Jeremy Johnson, President of Cat Excess Liability. “In the event of a crisis event, CrisisResponse coverage provides our insureds with access to the expertise and resources needed to implement a crisis management plan, respond to the needs of affected parties, and mitigate potential reputational damage.”

For more information regarding CrisisResponseXS for catastrophic excess EPL policies, please contact William Hopkins, Executive Vice President and Financial Lines Manager of Cat Excess Liability, at (212) 458-5887 or [email protected]. You can also visit www.chartisinsurance.com.

About Chartis

Chartis is a world leading property-casualty and general insurance organization serving more than 45 million clients in over 160 countries and jurisdictions. With a 90-year history, one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.

Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. For additional information, please visit our website at http://www.chartisinsurance.com. All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.

ChartisMarie Ali, 212-458-2536

Source: Chartis